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Chemical manufacturing in the Marcellus Shale region continues to be a growth industry, said American Chemistry Council President and CEO Cal Dooley. "I'm even more bullish than I was 18 months ago," Dooley said Thursday, adding that "there has been increased confidence in the chemical industry that it is going to have a sustainable competitive advantage for an extended period of time."

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The U.S. gas industry should enjoy continued growth as the outcome of the midterm elections "further strengthens the congressional support for the environmentally responsible development of natural gas and oil," said American Chemistry Council President Cal Dooley. Because of the shale gas boom, the industry should see more than $100 billion in new capital projects, he said.

American Chemistry Council President and CEO Cal Dooley says it's likely Congress will pass a chemical reform bill by next November's elections, with the House potentially moving a bill forward in the first half of 2014, according to this article. "There continues to build momentum that could result in enactment of [the Chemical Security Improvement Act] or some version thereof prior to the November elections," he said. Dooley and chemical industry stakeholders are "most excited about what we see as increasing bipartisan support in the House to introduce legislation that we anticipate will be similar in structure and concepts to the Senate bill."

The bipartisan compromise reached by lawmakers to reform the Toxic Substances Control Act will benefit industry by increasing public confidence in chemical safety, according to American Chemistry Council President and CEO Cal Dooley. "Our industry was motivated to secure reform because we were seeing an increasing decline in the public's confidence in EPA's assessment of chemicals and ensuring they were safe in the marketplace. What we think we've done is achieve a process where industry is providing more information, but also continue to bring new innovations and new products to the market," Dooley said.

Energy security, chemical exports and the modernization of the Toxic Substances Control Act will be key issues for the chemical industry in 2013, writes American Chemistry Council President and CEO Cal Dooley. "While the prospects for 2013 and beyond are bright, steps can and should be taken to ensure that America will remain a great place in which to invest, innovate and operate. ACC's priority over the next year will be advancing policies and creating a regulatory environment that will support the ability of our member companies to do just that," Dooley writes.

As industry representatives meet at the GlobalChem conference, American Chemistry Council President and CEO Cal Dooley is calling for a "rational, efficient approach" to chemicals regulation to ensure that the industry continues to create jobs and spur economic growth. "The U.S. business of chemistry is driving an American manufacturing renaissance by transforming domestic energy supplies into a stronger economy and new jobs," he writes.